The AMN Week in Review (Sept. 6-10, 2010)
The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.
Masayasu ‘Mike’ Saito to Lead Aisin’s North American Business
New president and officers named at growing, global Tier One supplier.
Commercial Vehicle Group Enters Agreement with Daimler Trucks
CVG and Daimler Trucks enter into long-term agreement; CVG to open new facility in Mexico.
Fuel Systems Solutions to Acquire EvoTek LLC
Company also completes acquisition of Productive Concepts International alternative fuel vehicle business.
AkzoNobel Makes Strategic Move into Chinese Automotive Market
The agreement follows AkzoNobel’s recent announcement at the World Expo 2010 in Shanghai that the company plans to double its revenue in China to $3 billion within five years.
Schwartz Advisors Adds Four Aftermarket Veterans to Its Roster
Rick Keister, Larry Samuelson, Gary Paulson and Lou Basenese among the new partners who recently joined the automotive aftermarket M&A advisory and consulting firm.
Herman Trend Alert: The Pros and Cons of Virtual Meetings
By the end of this year, a surprising 48 percent expect their employers will have policies in place regarding the use of videoconferencing and virtual presence to reduce the need for business travel.
USW Says Tariff on Chinese Tires Was Effective in First Year
Union says U.S. production and market share are up as job losses reverse.
ACDelco Introduces All-New ACDelco Advantage Friction Lineup
Company says 12-month/12,000-mile warranty sets line apart from many competitive products.
SPX Service Solutions Announces Strategic Alliance with Launch Tech Co. of China
Company says the new alliance with this leading Chinese automotive aftermarket equipment and services provider will expand SPX’s presence in world’s largest automotive market.